The Code Defines a Grantor Trust as Which of the Following

question 112

Multiple Choice

The Code defines a grantor trust as which of the following?

• A)One which is required to file Form 1041-G.
• B)One in which a member of the grantor's family [defined in § 679(b)] is the sole trustee.
• C)One which the grantor can revoke or otherwise amend.
• D)One which makes annual payments to designated charities.

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Definitions:

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and freedoms to American citizens.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing specific freedoms and rights to American citizens.

Federal Government

The national government of a federal state, which shares power with subnational entities such as states or provinces.

State Action

Activities or conduct carried out by government or governmental officials, particularly with respect to whether an action can be challenged as unconstitutional.